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Updated over 7 years ago on . Most recent reply

Account Closed
  • Austin, TX
24
Votes |
145
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How many entrance strategies should i know for wholesaling?

Account Closed
  • Austin, TX
Posted

if i were to wholesale, these are my different options to get the property under contract.

Cash deal- big discount on price

Owner Financing- they need finance the equity and i pay off whatever mortgage they have left. They do this if they dont need the cash proceeds right away, and they make money off of the interest.

Subject to- they have little to no equity. they deed me the property but the note stays in their name. i lease the property out or fix and flip it

Lease Option- i sublet the property and sell it through lessees.

Any other strategies? and are all those accurate?

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Jay Hinrichs
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  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

@Steve Vaughan  I may be wrong but I think lease options in TExas are illegal that over a certain period of time.

although fine minds think alike.. I have been doing the A B C in my purchase contracts for longer than I can remember.. starting in the late 70s  .

A  Cash

B  cash and seller finance

C  cash and 3rd party loan.

D  Sub too.. but for me I would not buy sub too unless it had substantial equity I always wanted room in the deal no matter how I bought it..  never made much sense to me watching people pay full retail sub too.. margins just too thin.. and I did not have a burning desire to have rentals that made 100 a month LOL..

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